A 4th Quarter 2009 Real Estate Rebound

Here’s our summary of the 2009 Palo Alto and Los Altos residential real estate market. In it we explain how the 4th quarter saved the year from being a complete disaster.

It only took a slight improvement in consumer confidence to bring back multiple offers and over-bidding in the under-$1.5m market. The $1.5m to $2.5m started to thaw, too. Over $2.5m? Buyers are still tentative.